Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains
- Senators Lummis and Moreno have proposed crypto tax relief in the US.
- The Senators requested that crypto firms pay tax only on realized gains.
- Crypto tax relief in the US would significantly boost cryptocurrency adoption.
Famous US pro-crypto Senator Cynthia Lummis, alongside her colleague Senator Bernie Moreno, has asked the US government to review its cryptocurrency tax regime.
In her latest proposal, made public on May 12, Lummis and Moreno, suggested a new rule to relieve US companies from what they term an unfair crypto tax burden, specifically by changing how unrealized gains on digital assets are treated.
Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.
— Senator Cynthia Lummis (@SenLummis) May 13, 2025pic.twitter.com/V7pwAUqRc4
Lummis and Moreno proposed a new rule requiring crypto firms to pay taxes only on realized gains, targeting the Corporate Alternative Minimum Tax (CAMT). The CAMT is a relatively new rule enacted in …
The post Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains appeared first on Coin Edition.
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Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains
- Senators Lummis and Moreno have proposed crypto tax relief in the US.
- The Senators requested that crypto firms pay tax only on realized gains.
- Crypto tax relief in the US would significantly boost cryptocurrency adoption.
Famous US pro-crypto Senator Cynthia Lummis, alongside her colleague Senator Bernie Moreno, has asked the US government to review its cryptocurrency tax regime.
In her latest proposal, made public on May 12, Lummis and Moreno, suggested a new rule to relieve US companies from what they term an unfair crypto tax burden, specifically by changing how unrealized gains on digital assets are treated.
Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.
— Senator Cynthia Lummis (@SenLummis) May 13, 2025
Lummis and Moreno proposed a new rule requiring crypto firms to pay taxes only on realized gains, targeting the Corporate Alternative Minimum Tax (CAMT). The CAMT is a relatively new rule enacted in …
The post Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains appeared first on Coin Edition.
Read More
SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users